Dimensional Fund Advisors LP Purchases 26,292 Shares of BankUnited, Inc. $BKU

Dimensional Fund Advisors LP lifted its position in shares of BankUnited, Inc. (NYSE:BKU) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,658,844 shares of the financial services provider’s stock after purchasing an additional 26,292 shares during the period. Dimensional Fund Advisors LP owned 0.06% of BankUnited worth $210,390,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new position in BankUnited during the 1st quarter valued at approximately $28,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $30,000. Kestra Advisory Services LLC bought a new position in shares of BankUnited during the fourth quarter valued at approximately $35,000. Quarry LP raised its holdings in shares of BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 576 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in BankUnited by 141.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Stock Down 1.2%

Shares of NYSE:BKU opened at $46.39 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $47.67 and a two-hundred day simple moving average of $47.04. BankUnited, Inc. has a 12-month low of $34.79 and a 12-month high of $52.11. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.71 and a beta of 1.17.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.03). The company had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. BankUnited had a net margin of 14.76% and a return on equity of 9.13%. BankUnited’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, research analysts anticipate that BankUnited, Inc. will post 4.1 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.32 annualized dividend and a yield of 2.8%. BankUnited’s payout ratio is 36.77%.

Insider Activity

In other news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jay D. Richards sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This trade represents a 8.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of BankUnited in a research report on Wednesday. Royal Bank Of Canada decreased their price target on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Thursday. Barclays reduced their target price on BankUnited from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company increased their price objective on BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.